Analysts Set Cosan S.A. Sponsored ADR (NYSE:CSAN) Price Target at $4.75

Cosan S.A. Sponsored ADR (NYSE:CSAN) has been given an average rating of “Reduce” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.85.

Several equities analysts have weighed in on the stock. Jefferies Financial Group cut shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th. HSBC cut shares of Cosan from a “hold” rating to a “reduce” rating and lowered their price objective for the stock from $5.00 to $3.20 in a research report on Tuesday, May 26th.

Cosan Trading Up 2.2%

Cosan stock opened at $3.07 on Tuesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -1.25 and a beta of 0.74. Cosan has a 1 year low of $2.96 and a 1 year high of $6.25. The firm’s 50 day moving average price is $3.91 and its two-hundred day moving average price is $4.28.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. The business had revenue of $1.74 billion during the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.

Insiders Place Their Bets

In other Cosan news, Director Rubens Ometto Silveira Mello sold 77,640 shares of Cosan stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total transaction of $267,081.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marcelo Eduardo Martins acquired 2,441,528 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $5.14 per share, for a total transaction of $12,549,453.92. Following the completion of the transaction, the chief executive officer owned 4,890,286 shares in the company, valued at approximately $25,136,070.04. This represents a 99.70% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 187,040 shares of company stock worth $869,816.

Hedge Funds Weigh In On Cosan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Monaco Asset Management SAM boosted its stake in shares of Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after buying an additional 2,004,813 shares during the period. UBS Group AG boosted its stake in shares of Cosan by 36.9% during the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after buying an additional 941,548 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Cosan by 5,210.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after buying an additional 761,968 shares during the period. XTX Topco Ltd boosted its stake in shares of Cosan by 1,312.8% during the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after buying an additional 547,051 shares during the period. Finally, Tejara Capital Ltd acquired a new stake in shares of Cosan during the 4th quarter valued at $1,386,000.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.